Rabat – Bank Al-Maghrib presented on Tuesday its 22nd annual banking supervision report in Casablanca, confirming that it has continued its work since 2025 on finalizing Morocco’s long-awaited crypto-asset legislation. 

The update was brief but it marks the latest step in a regulatory turnaround eight years in the making.

Morocco banned cryptocurrency ownership and trading outright in 2017. The prohibition was enforced by a coalition of authorities including Bank Al-Maghrib, the Moroccan Capital Market Authority, the Foreign Exchange Office, and the Ministry of Economy and Finance who argued that virtual currencies violated exchange regulations.

That position held for the better part of a decade even as usage underground…